Red Boiling Springs, TN—37150
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Red Boiling Springs, TN
As of Oct '25, the median home price in Red Boiling Springs, TN is $192,000, with a year-over-year change of 2.7%. This indicates that home prices in Red Boiling Springs, TN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 2.7% |
| Single Family | $191,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $232,000 | 4.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Red Boiling Springs, TN
As of July '25, Rentcast reports the average rent in Red Boiling Springs, TN is $1,200, with a year-over-year rent change of -40.0%. Per bedroom, the median rent as of July '25 in Red Boiling Springs, TN is 3-bedrooms: $1,200. The most common rental property sizes in Red Boiling Springs, TN are 3-bedroom and 2-bedroom, accounting for 41.4% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Red Boiling Springs, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Red Boiling Springs, TN is 40. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $335,000 | 10.0% |
Listing Count | 15 | -39.0% |
| Listings as % of Homes | 0.7% | -39.0% |
Days on Market | 40 | 12.0% |
Demographics — Red Boiling Springs, TN
As of the latest ACS Survey released in 2023, Red Boiling Springs, TN has a population of 4,360, which has decreased by -11.1% over the past 5 years. Red Boiling Springs, TN is a popular place for families, as children make up 26.2% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,360 | -11.1% |
% Under 18 | 26.2% | 17.0% |
% Seniors | 17.2% | -14.9% |
% WFH | 3.2% | 18.5% |
% w/ College Degree | 12.6% | 34.0% |
As of the latest ACS Survey released in 2023, Red Boiling Springs, TN is a predominantly white area, with 88.1% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Red Boiling Springs, TN is hispanic, making up 3.1% of the population. Foreign-born residents account for 1.1% of the population in Red Boiling Springs, TN, and this percentage has decreased by 72.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.1% | -2.8% |
% Black | 2.1% | 425.0% |
% Hispanic | 3.1% | -56.3% |
% Asian | 0.2% | ∞% |
% Foreign Born | 1.1% | -72.5% |
Mortgage and Risk — Red Boiling Springs, TN
According to HUD data as of 2023, there were 129 mortgage originations in Red Boiling Springs, TN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Red Boiling Springs, TN. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 129 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Red Boiling Springs, TN
Red Boiling Springs, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | $60 | $1,200 | $1,260 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Red Boiling Springs, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $192,000 |
| Median Household Income | $33,600 |